Description: Presented at May 1985 Spring Meeting. Discusses: Statutory annual statement, Statement of actuarial opinion for interest-indexed universal life insurance, American Academy of Actuaries Financial Reporting Recommendation 7, Statement of opinion required by New York State for annuity products, Other required statements of actuarial opinion, The Valuation Actuary, Practical techniques and actual experiences.

Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The panelists start their discussion with an overview of the history of actuarial standards, and the operations of the Actuarial Standards Board, ‘ASB,” the autonomous body responsible for setting standards of practice. The discussion covers standards affecting insurance company actuaries and consultants, and the value and impact of standards on the actuary's work. Panelists also suggest areas where additional standards are needed. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.